Take the Activia challenge now. It works or it's free. Ah, that yogurt commercial famously parodyied by Saturday Night Live.Now, the good news. I just discover Curtis, one of the biggest stars in Hollywood, suddenly began selling panty hoes and hawking rental cars. Herz came out on top.True Lies had made $400 million. You could have done anything you wanted to do, but you were taking those spokesperson jobs. Why.For the most part, because they allowed me to stay home with my kids. So, I am I am an imperfect ...

Hertz will help Amazon fulfill a need for more car brands available for sale on its website.Are you in the market for a new car -- and by "new" I mean "technically used, but new to you?" If you are, then your next car purchase might be just the click of a "buy it now" button away. Hertz Global (HTZ -4.46%) is about to start selling off some of its used rental cars on Amazon.com (AMZN -0.29%).Hertz announced its collaboration with Amazon just last week, promising to make it possible for shoppers to "browse, ...

That rival was none other than Hertz Global Holdings, which reported that it has entered into a sales agreement with Amazon Autos. Since Amazon is a near-unavoidable monster in online retail, its vehicle marketplace is an obvious and handy destination for customers searching for new rides. Shares of Avis Budget Group (CAR -5.73%) coughed and sputtered like a stalling car on Hump Day, shedding almost 6% of their price across the trading session. That was almost entirely due to the news that its archrival had ...

Core Viewpoint - Avis Budget Group's stock has been downgraded from Buy to Underperform by BofA Securities, with a price target reduction from $120 to $113 due to unfavorable industry fundamentals and macroeconomic conditions [1][4]. Industry Overview - The U.S. rental car industry is experiencing pricing and demand pressures that are expected to negatively impact Avis Budget's earnings in the latter half of 2025 and into 2026 [1]. - A Bank of America survey indicates a decline in consumer expectations for increased travel spending over the next three months compared to the previous year, suggesting a softer pricing environment [2]. Company Performance - Avis Budget's growth initiatives, such as the premium-focused Avis First program and a fleet management partnership with Waymo, are recognized as positive long-term strategies but are not expected to significantly enhance near-term earnings [3]. - The analyst has revised EBITDA estimates to $0.9 billion for 2025 and $1.03 billion for 2026, down from previous forecasts of $0.95 billion and $1.2 billion [4]. - Expected sales for 2025 are projected at $8.09 billion, with an EPS of $9.43 [4]. Stock Performance - Avis Budget Group's stock is currently down 4.83%, trading at $149.06 at the time of publication [4].

Core Insights - Avis Budget Group reported revenue of $3.04 billion for the quarter ended June 2025, a decrease of 0.3% year-over-year, and EPS of $0.10, down from $0.41 in the same quarter last year [1] - The reported revenue fell short of the Zacks Consensus Estimate of $3.07 billion, resulting in a surprise of -0.9%, while the EPS surprise was -95.05% against a consensus estimate of $2.02 [1] Financial Performance Metrics - Avis Budget's shares have returned +21.9% over the past month, outperforming the Zacks S&P 500 composite's +3.6% change [3] - The company currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3] Cost and Revenue Analysis - In the Americas, per-unit fleet costs were reported at $312 per month, lower than the estimated $362.8 [4] - Internationally, per-unit fleet costs were $278, compared to the estimated $296 [4] - Total rental days were reported at 44,945, slightly below the estimated 45,546.19 [4] - Geographic revenue for the Americas was $2.33 billion, down 1.2% year-over-year and below the estimated $2.37 billion [4] - International geographic revenue was $707 million, representing a year-over-year increase of +2.9% and slightly above the estimated $702.26 million [4]

Group 1 - Waymo plans to launch a robotaxi service in Dallas next year, expanding its commercial operations which already include Los Angeles and San Francisco [1][6] - The company is partnering with Avis Budget Group to manage its fleet of all-electric autonomous Jaguar I-Pace vehicles, with Avis handling depot operations such as charging and maintenance [1][2] - Waymo has previously partnered with companies like Uber and Moove, but this marks the first collaboration with a rental car company, indicating a potential for future expansions to other cities [2] Group 2 - Waymo has conducted preliminary testing in Dallas, including mapping the city and testing autonomous vehicles on public roads with a human safety operator [3] - The fleet is expected to scale to hundreds of vehicles over time, although specific launch dates and initial fleet size have not been disclosed [4] - Waymo currently operates commercially in five cities and plans to launch services in Washington, D.C., and Miami next year [6]

Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by certain officers and directors of Avis Budget Group, Inc. related to misrepresentation and undisclosed information affecting shareholders [1][2]. Group 1: Allegations Against Avis Budget Group - Insiders at Avis Budget allegedly misrepresented or failed to disclose a plan to significantly accelerate fleet rotation in Q4 2024 [2]. - The acceleration of fleet rotation reportedly shortened the useful life of most vehicles in the Americas segment, leading to a reduction in their recoverable value [2]. - As a consequence, Avis Budget is expected to recognize billions of dollars in impairment charges and incur substantial losses [2]. - The aforementioned actions are likely to have a significant negative impact on the company's financial results, overstating its financial and business prospects [2]. - Public statements made by Avis Budget were materially false and misleading during the relevant times [2].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Avis Budget Group, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][3]. Group 1: Class Action Details - Investors who purchased Avis Budget securities between February 13, 2024, and February 10, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by June 24, 2025 [3]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has consistently ranked in the top 4 for securities class action settlements since 2013 and recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, Avis Budget made false and misleading statements regarding its fleet rotation plan, which significantly shortened the useful life of its vehicles, leading to billions in impairment charges and substantial losses [5]. - The claims suggest that these misstatements had a significant negative impact on Avis Budget's financial results and overstated its business prospects [5].

Core Viewpoint - Avis Budget Group, Inc. is facing a class action securities lawsuit due to alleged securities fraud that occurred between February 13, 2024, and February 10, 2025, which has adversely affected investors [1][2]. Group 1: Allegations and Impact - The lawsuit claims that Avis Budget implemented a plan to significantly accelerate its fleet rotation in Q4 2024, which shortened the useful life of most vehicles in the Americas segment, leading to reduced recoverable value [2]. - As a result of the accelerated fleet rotation, Avis Budget is expected to recognize billions of dollars in impairment charges and incur substantial losses, negatively impacting the company's financial results [2]. - The allegations suggest that the company's financial and business prospects were overstated, making the public statements materially false and misleading during the relevant period [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until June 24, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating no financial obligation to participate in the lawsuit [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the U.S. [4].

Core Viewpoint - Avis Budget Group, Inc. is facing a class action lawsuit due to alleged misleading statements and undisclosed information regarding its fleet rotation strategy, which has led to significant financial losses and impairment charges [2][3]. Group 1: Class Action Details - The class action lawsuit represents investors who purchased Avis securities between February 16, 2024, and February 10, 2025 [1]. - Investors are encouraged to contact the Portnoy Law Firm for a complimentary case evaluation and to discuss their legal rights [2]. Group 2: Allegations Against Avis Budget - The lawsuit claims that Avis Budget executed a plan to aggressively accelerate fleet rotation, which shortened the useful life of vehicles in the Americas segment, reducing their recoverable value [2]. - As a result of this strategy, Avis Budget is expected to recognize billions of dollars in impairment charges and face substantial losses [2]. - The financial performance of Avis Budget was significantly negatively impacted, leading to an overstated financial condition and business outlook [2]. Group 3: Financial Results and Leadership Changes - On February 11, 2025, Avis Budget reported a quarterly loss of $1.96 billion, or $55.66 per share, compared to a profit of $259 million, or $7.10 per share, for the same period the previous year [3]. - The loss was attributed to a change in strategy regarding fleet rotations, resulting in a one-time non-cash impairment of $2.3 billion and additional non-cash charges of $180 million [3]. - Following the announcement of these results, Avis Budget's stock price dropped nearly 7% [3]. - The CEO, Joseph A. Ferraro, is set to step down, transitioning to a Board Advisor role, with Brian Choi taking over as CEO on July 1, 2025 [3].